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Americans notched solid financial gains in 2016 for a second straight year as household incomes rose, poverty fell and fewer people went without health insurance, signaling an end to the stagnation that had lingered since the Great Recession.
The median U.S. household income climbed 3.2% to $59,039, the Census Bureau said Tuesday. That followed growth of 5.2% in 2015, the largest on records dating to 1968. The combined increase over the past two years is the biggest such rise since the 1960s.
Americans notched solid financial gains in 2016 for a second straight year as household incomes rose, poverty fell and fewer people went without health insurance, signaling an end to the stagnation that had lingered since the Great Recession.
The median U.S. household income climbed 3.2% to $59,039, the Census Bureau said Tuesday. That followed growth of 5.2% in 2015, the largest on records dating to 1968. The combined increase over the past two years is the biggest such rise since the 1960s.